Market size of frozen meals in China 2017-2021
In 2021, China's frozen ready-meal market totaled about 154.2 billion yuan, indicating an increase from less than 140 billion yuan in 2020. That year, frozen meals accounted for nearly a third of China's convenience food market.
Frozen meals become more popular
In the last few years, convenience foods have become more popular in China as younger generations live fast-paced lives. In China's cities, young workers spend longer hours at work and commute, which leaves them with little time to cook. It has become increasingly common for them to eat frozen meals as an alternative. More than 50 percent of the frozen foods sold in China were rice and flour products, such as dumplings and pancakes. Leaders in China’s frozen meal market
In China, the frozen flour and rice product market is relatively concentrated, with three leading players holding nearly two-thirds of the market. Founded in 1992, Sanquan Food was China’s largest frozen meal manufacturer. In addition to frozen dumplings, the company also produced flour pastry products and glutinous rice balls. As the company has grown steadily over the past decade, its revenue reached 7.43 billion yuan in 2022.
Frozen meals become more popular
In the last few years, convenience foods have become more popular in China as younger generations live fast-paced lives. In China's cities, young workers spend longer hours at work and commute, which leaves them with little time to cook. It has become increasingly common for them to eat frozen meals as an alternative. More than 50 percent of the frozen foods sold in China were rice and flour products, such as dumplings and pancakes. Leaders in China’s frozen meal market
In China, the frozen flour and rice product market is relatively concentrated, with three leading players holding nearly two-thirds of the market. Founded in 1992, Sanquan Food was China’s largest frozen meal manufacturer. In addition to frozen dumplings, the company also produced flour pastry products and glutinous rice balls. As the company has grown steadily over the past decade, its revenue reached 7.43 billion yuan in 2022.
